The 11 richest men in the world
Billionaires have a disproportionate impact on the global economy, politics, and philanthropy. According to Forbes, the world's billionaires will number 2,668 in 2022. The richest of them all is Bernard Arnault, the chairman of LVMH.
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| The 11 Richest Man in the World With Profile Data |
Individuals on this list are members of an even more exclusive club and wield even more power. Many are the founders of technology behemoths, with a large portion of their fortune still invested in the companies they founded.
However, these billionaires can still borrow against their wealth to avoid selling stock and deferring (or eliminating for heirs) taxes on unrealized capital gains. Multi-billionaires can also use a variety of tax breaks to offset reported income, resulting in some on this list paying no income tax in recent years.
With so much of their wealth invested in publicly traded stocks, the richest people's net worth can fluctuate with market valuations. For example, Tesla CEO Elon Musk's net worth increased in 2021 as the share price of the electric car maker increased. In 2021, Tesla stock will have increased by nearly 50%.
And, like a pendulum, his net worth fell in 2022 as the share price of Tesla, of which he owns 13%, fell. Musk also had to sell a large portion of his Tesla stock to fund his Twitter acquisition. As a result, he lost his position as the world's richest person to Bernard Arnault.
Tesla's share price rose in January and February 2023, allowing Musk to reclaim the title of world's richest person, but due to market fluctuations, he is now the world's second-richest person.
As of my knowledge cutoff date of September 2021, the 11 richest people in the world (in order) were:
1. Elon Musk (USA) - CEO of Tesla, SpaceX, Neuralink, and The Boring Company
Who is Elon Musk
Elon Musk Profile
Elon Musk is an entrepreneur, engineer, and visionary known for his work in the fields of electric cars, renewable energy, space exploration, and artificial intelligence. He was born in South Africa in 1971 and moved to the United States to attend college at the University of Pennsylvania.
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| Elon Musk Profile |
Musk is the founder, CEO, and lead designer of SpaceX, a company that designs and manufactures rockets and spacecraft for commercial and government customers. He is also the CEO and product architect of Tesla, Inc., an electric car and renewable energy company that produces high-end electric vehicles and energy storage systems.
In addition to these companies, Musk has founded or co-founded several other companies, including PayPal, SolarCity, and Neuralink. He is known for his ambitious goals, such as making humanity a multi-planetary species and revolutionizing the transportation industry with his proposed Hyperloop system.
Musk has received numerous awards and accolades for his work, including being named one of Time magazine's 100 most influential people in the world multiple times. He is also one of the world's wealthiest people, with a net worth of over $200 billion as of 2022.
2. Jeff Bezos (USA) - Founder and former CEO of Amazon
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| Jeff Bezos profile |
Who is Jeff Bezos (USA)
Jeff Bezos profile
Jeff Bezos is an American entrepreneur, investor, and founder of Amazon.com, the world's largest online retailer. He was born on January 12, 1964, in Albuquerque, New Mexico, USA.
Bezos graduated from Princeton University with degrees in electrical engineering and computer science. He began his career on Wall Street, where he worked in various positions, including as a product manager for a telecommunications start-up.
In 1994, Bezos founded Amazon.com, originally as an online bookstore. Over time, the company diversified and expanded its offerings to include a wide range of products and services, such as streaming entertainment, cloud computing, and artificial intelligence. Today, Amazon is one of the most valuable companies in the world, with a market capitalization of over $1 trillion.
Bezos is also known for his other business ventures, including Blue Origin, a space exploration company he founded in 2000, and The Washington Post, a newspaper he purchased in 2013.
As of 2021, Jeff Bezos is one of the richest people in the world, with a net worth estimated to be over $170 billion. He has also been known for his philanthropic efforts, including the creation of the Bezos Earth Fund, which aims to combat climate change.
3. Bernard Arnault (France) - CEO of LVMH (Louis Vuitton Moet Hennessy)
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| Bernard Arnault Profile |
Who is Bernard Arnault (France)
Bernard Arnault is a French billionaire businessman and the Chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE, a multinational luxury goods conglomerate based in France. He was born on March 5, 1949, in Roubaix, France.
Arnault initially began his career in engineering but later switched to business. In 1984, he acquired the fashion house Christian Dior and became the CEO of the company. Under his leadership, Christian Dior expanded globally and became one of the world's leading luxury fashion brands.
In 1987, Arnault merged Christian Dior with Moët Hennessy to form LVMH, which has since grown to include more than 70 luxury brands, such as Louis Vuitton, Bulgari, and Fendi.
As of 2021, Bernard Arnault is one of the wealthiest people in the world, with a net worth estimated to be over $150 billion. He has also been involved in various philanthropic endeavors, including the creation of the LVMH Corporate Foundation, which supports art and culture.
4. Bill Gates (USA) - Co-founder of Microsoft and philanthropist
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| Bill Gates Profile |
Who is Bill Gates (USA)
Bill Gates is an American business magnate, investor, philanthropist, and co-founder of Microsoft Corporation, one of the world's largest software companies. He was born on October 28, 1955, in Seattle, Washington, USA.
Gates developed an interest in computer programming from a young age and co-founded Microsoft with Paul Allen in 1975. Under Gates' leadership, Microsoft developed some of the most popular software products in the world, including the Windows operating system, Microsoft Office, and Internet Explorer.
Gates stepped down as CEO of Microsoft in 2000 to focus on his philanthropic efforts through the Bill and Melinda Gates Foundation, which he founded with his wife in 2000. The foundation aims to improve global healthcare, reduce poverty, and increase access to education and technology.
As of 2021, Gates is one of the wealthiest people in the world, with a net worth estimated to be over $130 billion. He has also been involved in various philanthropic endeavors, including the eradication of polio and the fight against climate change.
5. Mark Zuckerberg (USA) - Co-founder and CEO of Facebook
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| Mark Zuckerberg Profile |
Who is Mark Zuckerberg (USA)
Mark Zuckerberg is an American technology entrepreneur, investor, and co-founder and CEO of Facebook, one of the world's largest social media platforms. He was born on May 14, 1984, in White Plains, New York, USA.
Zuckerberg founded Facebook in 2004 while he was still a student at Harvard University. Initially designed as a social networking site for college students, Facebook quickly expanded to include users of all ages and backgrounds and has since become one of the most popular websites in the world.
Under Zuckerberg's leadership, Facebook has also acquired other popular social media platforms, such as Instagram and WhatsApp, and has expanded its offerings to include advertising, e-commerce, and virtual reality technology.
As of 2021, Mark Zuckerberg is one of the wealthiest people in the world, with a net worth estimated to be over $100 billion. He has also been involved in various philanthropic endeavors, including the creation of the Chan Zuckerberg Initiative, which focuses on improving education, healthcare, and scientific research.
6. Warren Buffett (USA) - Chairman and CEO of Berkshire Hathaway
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| Warren Buffett Profile |
Who Is Warren Buffett (USA)
Warren Buffett is an American investor, business magnate, and philanthropist, widely regarded as one of the most successful investors of all time. He was born on August 30, 1930, in Omaha, Nebraska, USA.
Buffett began his career in investing in the 1950s, and in 1965, he took over the textile manufacturing company Berkshire Hathaway. Under his leadership, the company diversified into various industries and became one of the largest conglomerates in the world. Buffett is known for his long-term investment strategies and value investing principles, which have consistently earned high returns for his shareholders.
Apart from his investing career, Buffett is also known for his philanthropic efforts, particularly through the Bill and Melinda Gates Foundation, to which he has pledged to give away the majority of his fortune. He has also been a vocal advocate for increased taxes on the wealthiest Americans.
As of 2021, Warren Buffett is one of the wealthiest people in the world, with a net worth estimated to be over $100 billion.
7. Larry Ellison (USA) - Co-founder and former CEO of Oracle
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| Larry Ellison Profile |
Who is Larry Ellison (USA)
Larry Ellison is an American entrepreneur, investor, and co-founder of Oracle Corporation, a multinational technology company that specializes in database software and cloud computing services. He was born on August 17, 1944, in New York City, USA.
Ellison co-founded Oracle Corporation in 1977, and under his leadership, the company grew to become one of the largest software companies in the world. Ellison is known for his innovative approach to software development, particularly in the areas of database technology and enterprise software.
In addition to his role at Oracle, Ellison has been involved in various other business ventures, including investments in real estate, hospitality, and sports. He also famously purchased the Hawaiian island of Lanai in 2012.
As of 2021, Larry Ellison is one of the wealthiest people in the world, with a net worth estimated to be over $100 billion. He has also been involved in various philanthropic endeavors, including donations to medical research and education.
8. Larry Page (USA) - Co-founder of Google and CEO of Alphabet
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| Larry Page Profile |
Who is Larry Page (USA)
Larry Page is an American computer scientist and entrepreneur, best known as the co-founder of Google, one of the world's largest and most successful technology companies. He was born on March 26, 1973, in East Lansing, Michigan, USA.
Page co-founded Google with Sergey Brin in 1998, while they were both Ph.D. students at Stanford University. Google quickly became the world's most popular search engine and has since expanded to offer a range of online services, including email, maps, and video sharing.
Under Page's leadership, Google has also expanded into other areas, such as artificial intelligence and self-driving cars. Page stepped down as CEO of Google's parent company, Alphabet Inc., in 2019 but remained a board member and advisor.
As of 2021, Larry Page is one of the wealthiest people in the world, with a net worth estimated to be over $100 billion. He has also been involved in various philanthropic endeavors, including donations to renewable energy research and education.
9. Sergey Brin (USA) - Co-founder of Google and President of Alphabet
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| Sergey BrinProfile |
Who is Sergey Brin (USA)
Sergey Brin is an American computer scientist and entrepreneur, best known as the co-founder of Google, one of the world's largest and most successful technology companies. He was born on August 21, 1973, in Moscow, Russia.
Brin co-founded Google with Larry Page in 1998 while they were both Ph.D. students at Stanford University. Google quickly became the world's most popular search engine and has since expanded to offer a range of online services, including email, maps, and video sharing.
Under Brin's leadership, Google has also expanded into other areas, such as artificial intelligence and self-driving cars. Brin served as president of Google's parent company, Alphabet Inc., until 2019 when he stepped down from his executive position to focus on other projects.
As of 2021, Sergey Brin is one of the wealthiest people in the world, with a net worth estimated to be over $100 billion. He has also been involved in various philanthropic endeavors, including donations to Parkinson's disease research and education.
10. Mukesh Ambani (India) - Chairman and largest shareholder of Reliance Industries
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| Mukesh Ambani Profile |
Who is Mukesh Ambani (India)
Mukesh Ambani is an Indian business magnate and the chairman of Reliance Industries Limited, one of India's largest conglomerates, with interests in petrochemicals, refining, oil, and gas exploration. He was born on April 19, 1957, in Aden, Yemen.
Ambani joined Reliance Industries in 1981 and rose through the ranks to become the company's chairman and managing director in 2002. Under his leadership, the company has diversified into various industries, including telecommunications, media, and retail. Reliance Industries is also one of the largest companies in India in terms of market capitalization.
As of 2021, Mukesh Ambani is one of the wealthiest people in Asia and the world, with a net worth estimated to be over $100 billion. He has also been involved in various philanthropic endeavors, including the establishment of the Reliance Foundation, which supports various causes such as education, healthcare, and rural development.
11. Steve Ballmer (USA) - Former CEO of Microsoft and current owner of the Los Angeles Clippers
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| Steve Ballmer Profile |
Who is Steve Ballmer (USA)
Steve Ballmer is an American businessman and investor, best known for his tenure as the CEO of Microsoft Corporation, one of the world's largest software companies. He was born on March 24, 1956, in Detroit, Michigan, USA.
Ballmer joined Microsoft in 1980 as the company's first business manager and later became the company's CEO in 2000, succeeding Bill Gates. Under his leadership, Microsoft continued to dominate the computer software market and expanded into new areas, such as gaming and online services.
In addition to his role at Microsoft, Ballmer has been involved in various other business ventures, including investments in sports teams and philanthropic efforts. He is known for his passionate and energetic leadership style and his focus on driving innovation and growth.
As of 2021, Steve Ballmer has a net worth estimated to be over $80 billion and is one of the wealthiest people in the world. He has also been involved in various philanthropic endeavors, including donations to education and healthcare initiatives.
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